ProShares Short SmallCap600 (NYSEARCA:SBB) Sees Large Decline in Short Interest

ProShares Short SmallCap600 (NYSEARCA:SBB) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 106 shares, a drop of 80.6% from the April 15th total of 547 shares. Based on an average daily volume of 1,902 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On ProShares Short SmallCap600

An institutional investor recently bought a new position in ProShares Short SmallCap600 stock. Susquehanna International Group LLP acquired a new position in shares of ProShares Short SmallCap600 (NYSEARCA:SBB) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 24,446 shares of the exchange traded fund’s stock, valued at approximately $339,000. Susquehanna International Group LLP owned about 7.64% of ProShares Short SmallCap600 as of its most recent SEC filing.

ProShares Short SmallCap600 Trading Down 0.7%

Shares of SBB traded down $0.09 during midday trading on Thursday, hitting $12.09. The company’s stock had a trading volume of 4,897 shares, compared to its average volume of 10,523. ProShares Short SmallCap600 has a one year low of $11.79 and a one year high of $16.04. The company’s fifty day simple moving average is $12.73 and its two-hundred day simple moving average is $13.11.

ProShares Short SmallCap600’s stock is set to reverse split on Thursday, May 28th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, May 27th.

ProShares Short SmallCap600 Company Profile

ProShares Short SmallCap600 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the S&P SmallCap 600 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index. The Fund also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.